Alphabet, Google's parent company, reported a 25% rise in revenue. Its profit nonetheless fell over the same period. The company has been heavily investing in artificial intelligence. Revenue growth came in below what investors had expected. The drop in profit was attributed to shifts in the value of the company's investments.
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Microsoft reported another record for quarterly revenue, reaching $92.3 billion. That figure represents a 19% increase compared with the same quarter a year earlier. The results extend a streak of record-breaking revenue that now spans ten consecutive quarters. The article suggests the company's current position remains strong despite uncertainty about the future direction of artificial intelligence.
Readwise, known for its Kindle highlight-tracking tool and its Reader app, is expanding into the ebook market. The company has introduced Readwise Books, a platform designed to handle buying, reading, and discussing books. It is currently in beta and available by invitation or to existing Readwise subscribers. A reviewer who tested the app for several days found it to be a far more ambitious approach to reading than most competing products. The move positions Readwise as a potential challenger to established ebook sellers such as Amazon's Kindle and Kobo.
Microsoft reported a 32% jump in profit for the latest quarter despite a sharp rise in capital spending. The company put $45.2 billion into data centers during the period. Its free cash flow nonetheless remained positive. Microsoft also offered incentives for employees to voluntarily leave the company.
Alphabet, Google's parent company, reported that its AI investments are driving significant year-over-year growth in Search queries, including commercial ones. CEO Sundar Pichai said the company's query growth rate is the highest it has been in five years. Alphabet's consolidated revenue for the quarter reached $127.6 billion, up 25 percent from a year earlier. Google Search and other revenue grew 12 percent, while Google Cloud revenue rose 103 percent to $30.7 billion. The results were disclosed in Alphabet's third-quarter 2026 earnings release.
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